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Ever Think of Buying a Franchise?

December 11, 2010

I had never thought of purchasing a franchise simply because I had always had my own business (www.gunwel.com) and I was under the impression that a franchise was a Domino Pizza or a 7-Eleven and not much more. It turns out that there are several different types of franchises that generated a staggering $1.3 trillion in annual sales (and that is 2007 data). Here is a list of franchise categories which are the industries to watch in 2011.Domino Pizza

  • Child Care: Parents are busier than ever – and drawn to child care that combines education and enrichment programs.
  • Fitness: Spending on fitness is up. And fitness franchises offer a full range of options – big or small gyms, programs for women, boxing classes, dance fitness, personal training and more.
  • Green: Companies doing their part to save the planet – and often saving money as well – are gaining ground with the eco-conscious and cash strapped alike.
  • Health Services: It may be a subject of much debate in the political world, but in the franchise world healthcare is just good business. Take note: a number of opportunities aimed at physician franchises have sprung up in recent years.
  • Moving & Storage Services: Americans move, on an average, every five years, and with the economy starting to recover, moving and storage businesses can expect their services to be in even more demand.
  • Pets: Spending on pets in the U.S. has increase year after year – to an estimated $47.7 billion in 2010 – and that trend shows no sign of ending. No surprise that Pet franchises continue to grow.
  • Sandwiches: From $5 footlongs to gourmet grinders, sandwiches are giving burgers some serious competition for America’s favorite fast food.
  • Senior Services: Seniors are the world’s fastest-growing population, making services aimed at them – in-home care, financial planning, reading material and so on – a strong bet for success.
  • Spa Services: franchise offering luxury on a budget by leaps and bounds as people in need of some pampering seek out deals.
  • Tutoring: As the work world gets more competitive, parents put a higher premium on education – and the tutoring business continues to grow.

7 Eleven You can see by the list that franchises are a lot more than just a Domino Pizza or 7-Eleven. If your goal is to go into business for yourself we are here to help. At GAI (http://www.gunwel.com) we know what it takes to start your business from scratch. Give us a call at 212-979-6830 or stop by for a visit. See you soon!

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